Romney still won't take $10-for-$1 deal

That hypothetical $10 in spending cuts-for-$1 in tax increases deal from an August Republican presidential debate debate? Mitt Romney still wouldn’t take it.

“The answer is I do feel that way,” the presumptive GOP presidential nominee told Bob Schieffer in an interview aired on CBS’s “Face the Nation” when asked if he would still refuse the deal.

“Government is big and getting larger and there are those who think well, the answer is just to take a little more from the American people,” Romney continued. “Just give us a little more. And there are places that have gone that way. California, for instance, keeps raising taxes more and more and more. And funny thing, the more they raise in taxes, the deficits get larger and larger. The only solution to taming an out of control spending government is to cut spending. And my policies reduce the rate of spending, bring government expenses from 25 percent, federal expenses, from 25 percent of the economy down to 20 percent and ignite growth of our economy. That’s the way that we’re going to balance our budget, is getting people back to work with rising incomes again, so we’re going to get bigger tax revenues as a result of that good news.”